Where to Hold Your International Marketing Event in 2014
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Where to hold your international marketing event in 2014. EMEA Cost-Per-Delegate Benchmarking Report OUTSOURCED EVENTS Which location offers the best value for your marketing event? Welcome to Outsourced Events’ first EMEA cost-per-delegate benchmarking report. We’ve used our contacts and experience of international events to investigate 173 venues at 23 locations in 23 countries spanning Europe, the Middle East and Africa... ...and give you a straightforward cost-per-head comparison, based on a simple, one-day marketing event. We hope you’ll find it a useful tool, at a time when we’re seeing marketers in EMEA increasingly opt for a series of intimate, local events over a big, single splash. Organisations are noticeably starting to invest in event marketing once again, to regain the business benefits that only face-to-face relationships can provide – a fact supported in the latest Bellwether Report. But increasing budgets doesn’t mean there’s money to waste. In the following pages, you’ll find our insights into selecting the perfect location for your 2014 event, at the right price. If you have any comments, or if you’d like any help, please feel free to call. Yours Denise Sharpe Managing Director OUTSOURCED EVENTS Tel: +44 (0)20 8995 9495 Email: [email protected] In this report: How to choose the right location page 2 What’s included in the price page 3 How to get a better deal page 4 At a glance: where to hold your 2014 event (infographic) page 5 The five cheapest v the five most expensive page 6 The cost comparison: results in full page 7 Where to go? Our picks for 2014 page 8 Other locations of note page 8 About Outsourced Events page 9 OUTSOURCED Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. 1 ©EVENTS How to choose the right location Before we get to the numbers, it’s important to point out there’s much more to choosing a location than price alone. The cheapest venue might not be the one that offers the best value for your particular event, if the experience for your delegates isn’t right, or the logistical arrangements don’t fit your needs. From our experience, we’ve compiled nine quick tips. When you’re looking at the results, it might help to bear them in mind: ● The ease of booking flights can be crucial. Established business hubs tend to be more expensive, but they’re also easy to get to. (To help, we’ve included a column in the benchmarking results, giving a broad banding for the number of direct flights.) ● In certain locations, having a local representative on the ground can help to secure better costs and overcome cultural issues – most notably in Saudi Arabia, Russia, Nigeria and South Africa. ● Allow for substantially higher build and AV costs in the Middle East, compared with Europe. ● There is a different working week in Middle Eastern countries; the weekend is Friday and Saturday. ● Venues in the Middle East and Africa can be very busy. There may be an expectation that you will build overnight before your event. ● The local culture in Saudi Arabia requires special arrangements for women: seating is segregated by gender, and an abaya with black head scarf must be worn. ● In less well-established locations, like Nigeria, allow some extra room in the budget for incidental costs like local taxes, generators and fire retardant tests. ● Some merchandise can take months to clear customs in Africa and the Middle East so either plan well ahead or use a local agent and buy locally. ● In some locations – such as Dubai, Doha and Riyadh – your delegates will expect valet parking, so these costs need to be factored into your plan. 2 Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. OUTSOURCED ©EVENTS What’s included in the price To help you compare like with like, we’ve based the benchmark report around room hire and catering costs for a simple, standard event: a one-day conference one plenary room with two coffee breaks and a standing buffet lunch. We’ve also benchmarked each location across a range of event sizes: 50, 200, 500 and 1,000, including additional breakout facilities to match: 50 & 200 delegates: 1 breakout room 500 delegates: 2 breakout rooms 1,000 delegates: 3 breakout rooms. The prices were collected between August and October 2013, and have all been converted into US Dollars. And what’s not included Don’t forget: the report covers catering and room hire for the event day only. That means it excludes the likes of: ● construction of booths or exhibition stands ● room hire for a set up day ● AV costs ● signage ● accommodation ● travel OUTSOURCED Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. 3 ©EVENTS How to get a better deal The benchmark report prices have not been negotiated. The Middle East and Africa in particular have a culture of bartering so expect to negotiate hard; but in Europe there is also room for manoeuvre. In any case, never take the first offer. To achieve further savings, consider the time of year and day of the week. For example, choosing a Monday in July, August or January will usually bring you a really good deal. Having a local representative on the ground can really help – and (without wishing to blow our own trumpet) an experienced events agency with contacts and combined buying power from its clients can often more than pay for itself in discounts. 4 Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. OUTSOURCED ©EVENTS At a glance: where to hold your 2014 event FLOWESTive Lowest Cost Locations Warsaw Jo’burg Lagos Helsinki Brussels Stockholm Amsterdam Brussels Helsinki Oslo Moscow Frankfurt Warsaw London Paris Vienna Munich Madrid Istanbul Milan Rome Zurich Doha Riyadh Dubai Lagos Ease of access Cost of location Johannesburg London Oslo Zurich Doha Paris EXPENSIVE Five Most Expensive Locations OUTSOURCED Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. 5 ©EVENTS The five cheapest VS the five most expensive Event Event Event Event Average size: Up size: Up size: Up size: Up across all Ease of to 50 to 200 to 500 to 1000 sizes travel City (USD) (USD) (USD) (USD) (USD) ✈ Warsaw 51 66 39 40 49 ✈ ✈ ✈ Johannesburg 73 54 48 62 60 ✈ Lagos 114 108 87 61 92 ✈ Helsinki 111 116 84 92 101 ✈ Brussels 124 94 113 98 107 Event Event Event Event Average size: Up size: Up size: Up size: Up across all Ease of to 50 to 200 to 500 to 1000 sizes travel City (USD) (USD) (USD) (USD) (USD) ✈ ✈ ✈ Paris 235 208 181 162 196 ✈ Doha 293 193 124 102 178 ✈ ✈ Zurich 215 205 174 102 174 ✈ Oslo 176 158 159 129 156 ✈ ✈ ✈ London 168 155 137 146 151 As you can see, it’s not always necessary to go far from the beaten track to get a great deal – several of our cheapest locations also have good transport links. Don’t forget, though: the established centres of business are popular for a reason. The most expensive options tend to be easy to reach, with great facilities and the cachet of a desirable location. 6 Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. OUTSOURCED ©EVENTS The cost comparison: results in full Event Event Event Event Average size: Up size: Up size: Up size: Up across all Ease of to 50 to 200 to 500 to 1000 sizes travel City (USD) (USD) (USD) (USD) (USD) ✈ Warsaw 51 66 39 40 49 ✈ ✈ ✈ Johannesburg 73 54 48 62 60 ✈ Lagos 114 108 87 61 92 ✈ Helsinki 111 116 84 92 101 ✈ Brussels 124 94 113 98 107 ✈ ✈ Milan 145 112 79 97 108 ✈ ✈ Vienna 157 114 76 89 109 ✈ ✈ ✈ Dubai 147 120 92 82 110 ✈ ✈ Stockholm 154 109 97 82 111 ✈ Riyadh 157 114 98 80 112 ✈ ✈ Rome 127 110 128 103 117 ✈ ✈ Munich 132 112 107 120 118 ✈ ✈ ✈ Frankfurt 135 104 121 112 118 ✈ ✈ ✈ Amsterdam 150 156 114 106 131 ✈ ✈ Madrid 202 134 113 110 140 ✈ ✈ Istanbul 127 215 115 105 140 ✈ ✈ ✈ Moscow 160 112 149 165 146 ✈ ✈ ✈ London 168 155 137 146 151 ✈ Oslo 176 158 159 129 156 ✈ ✈ Zurich 215 205 174 102 174 ✈ Doha 293 193 124 102 178 ✈ ✈ ✈ Paris 235 208 181 162 196 OUTSOURCED Outsourced Events Limited, a company registered in England and Wales, company number 4243766. The VAT number of the company is 783 0771 13. 7 ©EVENTS Where to go? Our picks for 2014. Every event has slightly different requirements. But based on this year’s benchmarking figures, we’ve picked our five strongest contenders: Best buy – tight budget: Warsaw, Poland A thriving European capital with plenty of quality venues from exhibition halls to boutique hotels. Direct flight access is good because of its status as a capital city and it’s one of the fastest growing MICE destinations in Central-Eastern Europe. Best buy – prestige location: Rome, Italy Rome will impress delegates without being overly expensive. Elegant and steeped in history, it’s a unique location with plenty of venues, hotels and activities. Again, as a capital city, flight access is good.